Communisis balance sheet strong

PRINTING group Communisis today said that trading during the first half of the year had met its expectations and that its balance sheet remains strong with net debt better than expected.
By The Newsroom
Published 7th Jul 2010, 10:51 BST

In a trading update for the half year ended June 30, the Leeds-based group said that plans to 're-purpose' its Leeds Direct Mail business have progressed to schedule.

The new Hewlett Packard high-speed colour digital platform has now produced several live projects for customers and the plan to remove legacy printing equipment has been completed within budget, unlocking cost savings on an on-going basis, the group said.

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Communisis also said announced that it is changing the way it reports its results. It plans to report the business in two segments: Intelligence Driven Communications and Specialist Production and Sourcing.

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